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Middle East Point of View: Resilience in Oil and Gas Industry

The  increased oil production by Saudi Arabia and Russia combined with the COVID-19 pandemic, have precipitated a global economic slowdown that has left Oil...

Oil Price Fall Reflect on UAE Job Market

2015 salary projections for the United Arab Emirates had to be recently revised and readjusted. As a result, salary hikes in the country are...

Regional Markets To Follow Developments On OPEC+ Deal

Global equity markets recorded a negative performance during the week as economic indicators have started reflecting meaningful impact to growth, pushing the world into...

UAE Plans to Lift Oil Production Capacity in 2013

The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...

DME Oman Crude Up Over 100% Since Historic Production Cuts

Oman crude oil Benchmark trading on Dubai Mercantile Exchange has doubled in price since the record cuts agreed by the OPEC+ group and other...

Oil and Gas Jobs in Demand

ENOC Applicants Double at Careers UAE 2010 ENOC, the Dubai Government-owned Oil and Gas Company announced today that the number of applications for oil...

Iraqi Oil for SALE

How will opening up Iraq's oil industry to foreign companies impact the country?

Oil to reach $85 this year

Goldman Sachs says oil will reach $85 a barrel by the end of the year.

Can Saudi Arabia Still Sway The Oil Market?

Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the...

Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production

On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi, Saudi Arabian Oil Minister discussed oil production and price, Iran and the Straits of Hormuz....

How Will OPEC Output Cuts Affect the Middle East

OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...

Despite low prices, MENA oil producers to spend heavily on projects

Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite...

Will Oil break out of trading Rrange?

Interview and discussion with Edward Morse of the LCM Commodities. He shares his insights on how oil will trade in the future.

Crude Prices Decline as Demand Projections Differ

The beginning of the week starts with mixed oil prices in early Asian session. The US market will not open today due to the...

Petrol prices to rise again in UAE

Local petroleum products distributors have decided to hike the price of a liter of petrol by 20 fils as of 15th July...

DME issued a public consultation to add Abu Dhabi Murban crude...

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, issued today a public consultation to add Abu Dhabi Murban...

UAE’s ADNOC Plans $14 Billion IPO

The Abu Dhabi National Oil Company (ADNOC) today announced the expansion of its partnership model to span the Group’s entire value chain as well...

DME Concludes Basrah Crude Oil Auction with $13.7 Million Premium

Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017,...